This paper provides, to the best of the authors’ knowledge, the first meta-analysis of evidence about the influence of the corporate governance on ESG disclosure, in a setting where the disclosure of information is voluntary but not discretionary. We apply meta-analysis to a sample of 24 empirical studies to clarify the relationship of board size, board independence, women on board, number of board meeting, CEO duality and company ownership with ESG disclosure. Our results show that board independence, board size and women directorship visibly enhance ESG voluntary disclosure; board ownership, and CEO duality do not improve the level of ESG disclosure; some hesitations remain in respect of the number of board meetings, institutional and family ownership. The paper contributes to the ongoing debate on the corporate governance mechanisms that lead to more ESG disclosure and highlight the need of new approach on these issues.

Corporate Governance and Environmental Social Governance: A Meta- Analytical Review of Voluntary Disclosure and Non-Financial Reporting. Corporate Social Responsibility and Environmental Management / Lagasio, Valentina; Cucari, Nicola. - In: CORPORATE SOCIAL RESPONSIBILITY & ENVIRONMENTAL MANAGEMENT. - ISSN 1535-3958. - (2019).

Corporate Governance and Environmental Social Governance: A Meta- Analytical Review of Voluntary Disclosure and Non-Financial Reporting. Corporate Social Responsibility and Environmental Management

Lagasio, Valentina;Cucari, Nicola
2019

Abstract

This paper provides, to the best of the authors’ knowledge, the first meta-analysis of evidence about the influence of the corporate governance on ESG disclosure, in a setting where the disclosure of information is voluntary but not discretionary. We apply meta-analysis to a sample of 24 empirical studies to clarify the relationship of board size, board independence, women on board, number of board meeting, CEO duality and company ownership with ESG disclosure. Our results show that board independence, board size and women directorship visibly enhance ESG voluntary disclosure; board ownership, and CEO duality do not improve the level of ESG disclosure; some hesitations remain in respect of the number of board meetings, institutional and family ownership. The paper contributes to the ongoing debate on the corporate governance mechanisms that lead to more ESG disclosure and highlight the need of new approach on these issues.
corporate social responsibility; board characteristics, corporate governance, voluntary disclosure, non-financial reporting, meta-analysis.
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Corporate Governance and Environmental Social Governance: A Meta- Analytical Review of Voluntary Disclosure and Non-Financial Reporting. Corporate Social Responsibility and Environmental Management / Lagasio, Valentina; Cucari, Nicola. - In: CORPORATE SOCIAL RESPONSIBILITY & ENVIRONMENTAL MANAGEMENT. - ISSN 1535-3958. - (2019).
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/1212623
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